Friday, June 8, 2012

British Prime
Minister David Cameron has asked the German government to take speedy
measures to restore global financial markets' confidence in the euro
zone's ability to tackle its debt crisis and to support its ailing
banking sector on Friday

"As
far as the euro zone debt crisis is concerned, it is important that we
need speedy and sustainable measures to counter the uncertainty in the
financial markets with a firewall or bank capitalisation," Cameron said
on Friday ahead of talks with Chancellor Angela Merkel.

European
economies, whether in the euro zone or not, are all affected by the
current instability in the single currency area and therefore "it is
important to have credible plans" to overcome the debt crisis, he told a
joint news conference with Merkel.

It
is also necessary to implement structural reforms so that growth and
competitiveness can be restored in the entire EU, he said.

Cameron
denied any differences with Merkel over strict austerity measures
championed by her as one of the remedies for the debt crisis. There is
no conflict with Merkel over whether to give priority for growth or
budgetary discipline, he said.

"On
one side, our economies need growth. On the other, we have to reduce
our deficits. These two goals go hand in hand and we both are of the
same opinion".

Merkel
said Britain and Germany shared the view that solid budgets and
economic growth are not contradictory and they are a prerequisite to
create new jobs.

“
She was convinced that the present difficulties facing the euro zone
can be overcome and her government is determined to defend the stability
of the single currency.”

Referring
to the EU fiscal pact on strict budgetary discipline agreed by 25 of
the 27 member-nations earlier this year, Merkel said the instruments to
overcome the present difficulties have been established and they must be
implemented.

Even
though Britain has not joined the euro and it opted to stay out of the
fiscal pact, there is no risk of Britain being left out of the core EU
group, she said.

However,
Britain should not cut itself from the rest of the EU and should "build
upon what we have achieved so far without putting the internal market
in question," she said.

Cameron
reaffirmed the British position that it has no intention to join the
single currency and it will not participate in the integration process
of the EU.

Britain
also will not be part of a banking union and it will not take
guarantees for the credits of Greece or other debt-laden EU partners.
But Britain is aware that the unity of the euro group should be
strengthened in order to be in a position to solve future problems, he
said.

Britain
will make sure that its "interests in the internal market will be
safeguarded, it is fair and everyone in Europe can benefit from the
market". Cameron said the fiscal pact "can be an important building
block" of the euro group.

However,
that alone will not be sufficient and the euro zone should consider
taking other measures so that the common currency can function well.

The
annual PetroFed Oil & Gas Industry Awards for 2011 for excellence
in performance in various categories were presented by the Union
Minister for Petroleum & Natural Gas, Shri S. Jaipal Reddy here
today. The awards for performance during fiscal 2010-11 were in 11
categories.

Shri Reddy congratulated the eight companies in the public and private
sector and the individuals who received the awards and commended the
apex hydrocarbon industry association for instituting the awards in 2007
to recognise and nurture talent and excellence in the oil & gas
industry operating in India. Petroleum Federation (PetroFed) is an
Association representing companies from public & private sector
which are operating in Indian oil & gas sector ..

Welcoming invitees Chairman, PetroFed and Chairman, Indian Oil Shri R.
S. Butola highlighted the need for keeping the spirit of healthy
competition alive through such awards. Director General, PetroFed Shri
A. K. Arora pointed out that the awards were reviewed every year for
improvement and all companies operating in India in the oil & gas
sector were eligible without any application fee.

The leading PetroFed award winners were Indian Oil and ONGC. All
awardees of PetroFed awards were presented a trophy and a citation.
Indian Oil bagged the Leading Oil & Gas Corporate Year of the award,
the Oil & Gas Marketing – Company of the Year award and the one for
Project Management (above Rs. 2000 crore) for their MS/HSD quality
improvement and residue upgradation project at Gujarat Refinery. ONGC
won the awards for Human Resources Management, Environmental
Sustainability and the Innovator of the Year award by their team from
the Institute of Oil & Gas Production Technology for developing
‘Viscoelastic Surfactants Based Self-diverting Acid (VSDA)’ for
stimulation of oil & gas wells. Each of the five team members led
by Mr. Y. R. L. Rao, Dy. General Manager (Production) also received a
cash prize of Rs. one lakh.

Ms. Arpana Anand, Senior Project Manager from the Pipelines Division of
Indian Oil was chosen as the Woman Executive of the Year . She also
received a cash award of Rs. one lakh in addition to the trophy and
citation.

The other award winners were Oil India Limited for Exploration &
Production and Jindal Drilling Industries for Drilling Services. The
Refinery of the Year award was bagged by Essar Oil while the Project
Management award for Projects between Rs. 500-2000 crore went to HPCL
for their Guru Gobind Singh Refinery Product Evacuation project. The
award for Pipeline Transportation went to Cairn Indian Limited with GAIl
(India) Limited being chosen for a Special Commendation in this
category. A Special Commendation was also conferred on Mr. Arun
Jayendran, Officer Trainee of HPCL in the Innovator of the Year –
Individual category for his development and implementation of SCADA
system at the Palghat LPG Plant. It was explained at the function that
the award winners were selected through a rigorous process of collation
by knowledge partner PricewaterhouseCoopers, evaluation by the Awards
Committee led by Dr. Prodipto Ghosh, Distinguished Fellow, TERI and
former Secretary to the Government of India and selection thereafter by
an eminent Jury headed by the former Chief Justice of India, Hon’ble Mr.
Justice J. S. Verma.

Delhi, June 2012:In its efforts to encourage women to pursue careers in science, L’Oréal India today announced, for the tenth consecutive year, the
‘For Young Women in Science’ Scholarships programme 2012.
L’Oréal India will award scholarships to 10 remarkable Class XII girls from
Maharashtra and Delhi/NCR. Each scholarship will consist of an amount
of Rs. 2.5 lakhs, granted over a period of four years for graduate
studies in a scientific field from a
recognized college or university in India.

The L’Oréal
India Scholarships For Young Women in Science Programme is an extension
of the international L’ORÉAL UNESCO FOR WOMEN IN SCIENCE partnership.
The L’Oréal India For Young Women in Science Scholarships
program with the support of the Indian National Commission for
Cooperation with UNESCO has helped young women, passionate about
science, to achieve their dreams and aspirations of pursuing a career in
science. By providing the financial assistance to pursue
scientific education, this scholarship reinforces the vocation of women
in scientific disciplines.

“L'Oréal
strongly believes that science is the source of progress, and the
contribution of women is vital. That is why we have initiated this
program and we have received tremendous response
for the same. It gives us immense pleasure to be a part of their
success as they move on to make a difference to society with their
talent and commitment. It’s an inspiration to see these girls fight
challenges and emerge as real winners. Entering the 10th
year and still strong, we wish to reach out to many such deserving
candidates in the coming years,” said Dinesh Dayal, Chief Operating
Officer, L'Oréal India.

Eligibility Criteria:

Young
women who have passed their Class XII exams from Delhi/ NCR(Gurgaon,
Ghaziabad, Noida, Faridabad)/ Maharashtra, in the current academic year
(ended March 2012), with a minimum of 85% in
PCM/PCB and not over 19 years of age on 31.05.2012 are eligible to
apply for this scholarship. This scholarship is open for study in any
field of science: medicine, engineering, information technology,
pharmacy, biotechnology, and other graduate courses pertaining
to science (B.Sc).

Procedure: Forms can be downloaded from
www.foryoungwomeninscience.com
or can be collected from L’Oréal India Pvt. Ltd., Peninsula Towers 2nd
floor, G.K. Marg, Lower Parel, Mumbai 400 013. Forms
need to be submitted along with the relevant documents (mentioned in
the application form) no later than June 30th, 2012 at the address
mentioned above. Short listed candidates will be interviewed by a jury
and scholarships will be granted only upon securing
admission. For further information, call 022 2498 3000/022 401 81 100
or write to us on fywis@in.loreal.com.

Note to the editors:

The
L’Oréal India For Young Women in Science Scholarships Programme with
the support of the Indian National Commission for Co-operation with
UNESCO, has been initiated since 2003. This programme
provides financial assistance to young women wanting to pursue their
graduation in a scientific field.

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